Business

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Government, Business, Fuel

Diesel Dips 0.2¢ to $3.062 a Gallon

The U.S. average retail price of diesel fell 0.2 cent to $3.062 a gallon, the Department of Energy reported Nov. 4.

Roger Gilroy | Senior Reporter
November 4, 2019
Business, Logistics, Top 100

YRC Reports $16 Million Loss in Q3

YRC Worldwide reported a net loss of $16 million or negative 48 cents per share, compared with a $2.9 million profit, or 2.9 cents per share in the same period a year ago.

Dan Ronan | Senior Reporter
November 4, 2019
Government, Business, Technology, Fuel

VMT Tax for Trucks Presents Revenue Option for Highway Account, CBO Reports

About $2.6 billion in revenue would have been generated in 2017 if commercial trucks were taxed at a rate of 1 cent per mile, and compliance reached a rate of 90%, according to a recent report by the Congressional Budget Office.

Eugene Mulero | Senior Reporter
November 4, 2019
Business, Technology, Logistics

Small but Growing Carriers Make Leap From Spreadsheets to TMS Software

For small trucking companies that are getting bigger, recognizing the point when it becomes necessary to adopt management software isn’t so difficult. Instead, the challenges have more to do with evaluating systems, choosing one and implementing it.

Stephen Bennett | Special to Transport Topics
November 4, 2019
Government, Business

Government Shutdown Could Blur Economic Picture for Traders, Fed

The Federal Reserve is keeping a close eye on economic data as it “assesses the appropriate path” for monetary policy, but the central bank and traders in financial markets may find their vision blurred if Washington gridlock spurs yet another government shutdown later this month.

Alexandra Harris | Bloomberg News
November 4, 2019
Government, Business, Technology, Safety, Logistics

Seattle DOT Launches Public Version of Roadwork Planning App

The Seattle Department of Transportation has launched a public version of dotMaps, its online tool to help travelers stay informed about construction projects and plan their routes.

Eleanor Lamb | Staff Reporter
November 4, 2019
Business, Technology, Equipment

Omnitracs Resolves ELD Disruption That Had Drivers Reverting to Paper Logs

Technology company Omnitracs announced its electronic logging devices that had experienced outages caused by an infrequent update to Global Positioning System operations are now functional.

Eleanor Lamb | Staff Reporter
November 4, 2019
Government, Business

Kellyanne Conway: Infrastructure Policy Advocate

Infrastructure policy has been receiving a touch of buzz during the impeachment saga thanks in part to the counselor to the president, Kellyanne Conway. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.

Eugene Mulero | Senior Reporter
November 4, 2019
Business, Technology, Autonomous

Microsoft Wants to Teach Drones, Robots, Drills How to Think

Microsoft Corp. and technology rivals spend a lot of time talking about machine learning. Now Microsoft is talking about something called machine teaching.

Dina Bass | Bloomberg News
November 4, 2019
Government, Business, Fuel

Oil Near Six-Week High as US-China Trade Deal Hopes Increase

Oil held its biggest gain in almost seven weeks after improved U.S. and Chinese economic data aided the demand outlook, while optimism increased that the U.S. and China will resolve their trade dispute.

Alex Longley | Bloomberg News
November 4, 2019